Potato futures remain up on firm demand

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SummaryPotato prices rose by Rs 4.70 to Rs 735.90 per quintal in futures trade.

Potato prices rose by Rs 4.70 to Rs 735.90 per quintal in futures trade today as speculators enlarged positions on firm spot market trend.

Restricted arrivals from producing belts further fuelled the uptrend in potato.

At the Multi Commodity Exchange, potato for delivery in March moved up by Rs 4.70, or 0.64 per cent, to Rs 735.90 per quintal, with a business turnover of 21 lots.

The potato for delivery in April also traded higher by Rs 1.50, or 0.21 per cent, to Rs 704.90 per quintal in 11 lots.

Marketmen said besides firm demand in the spot market for the festival season, less arrivals from producing regions also influenced potato futures.

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